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"Why can't we pay our shareholders a dividend?" shouted your new boss. "This income statement you prepared for me says we earned $5 million in our first half-year!"You were hired last month as the chief accountant for Enigma Corporation which was organized on July 1 of the year just ended. You recently prepared the financial statements below:You have just explained to your boss, Robert James, that although net income was $5 million, operating activities produced a net decrease in cash. Unable to understand your verbal explanation, he has asked you to prepare a written report.
Required:
Prepare a report explaining the apparent discrepancy between Enigma's profitability and its cash flows. To increase the chances of your boss's understanding the situation, include in your report a determination of net cash flows from operating activities by both the direct and indirect methods. Your report should also include a narrative explanation of how it is possible for operating activities to simultaneously produce a positive net income and negative net cash flows.
Develop a time sheet entry/customer account management software system using relational database software and prepare an associated report detailing the technical and learning issues encountered.
What consideration should govern the amount to be provided (if any) for depreciation or diminution in the value of the following assets appearing in a balance sheet?
How do the two companies stack up in terms of these ratios? Which company is performing better? Why?
Discuss the potential conflict between the company's evaluation/compensation system and Delmar's focus on the NPV of the investment in product development.
Aussie Yarn Co. is a U.S. producer of woolen yarn made from wool imported from Australia. Raw wool is processed, spun, and finished before being shipped out to knitting and weaving companies.
Paladin Company manufactures plain paper fax machines in a small factory in Minnesota. Advise Beryl of the advantages and disadvantages of each of her alternatives.
the rothmueller museum answer the required questions at the end of page 2.nbsp use the below to assist you in
Franklin glass works production budget was based on 200,000 units. Each unit requires two standard hours of labor for completion,. Total overhead was budgeted at $900,000 per year, and fixed rate was estimated to be $3 for each unit.
What are the objectives of excellence teams and minicompanies? Did the companies achieve these objectives? Do you think that employee empowerment is a good idea? Explain your answer. If yes, do you see any disadvantages? Explain.
Compute break-even at each level and Is the company likely to achieve its desired target profit of $4,000,000 or more? Support your discussion with financi alanalysis.
Calculate the total contribution margin for 2000 and contribution margin percentage. Describe why the contribution margin differs from the gross margin.
how would this informationbe included on the bank reconciliation
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